HSBC plans three-year trigger performance notes with no cap on S&P 500

By Susanna Moon

Chicago, June 4 - HSBC USA Inc. plans to price 0% trigger performance securities due June 30, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 102% to 110% of any gain, with the exact participation rate to be set at pricing.

Investors will receive par if the index falls by up to 40% and will be fully exposed to any losses if the index falls below the 60% trigger level.

HSBC Securities (USA) Inc. is the agent.

The notes will price on June 26 and settle on June 29.

The Cusip number is 40433M641.

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